Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to all customer by mid-next week. Bitfinex announced an already functioning rollout of SegWit to all customers trading in BTC.

Our engineering team has finished testing of SegWit for Bitcoin on Coinbase.

We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week.

Coinbase users even started a petition urging the exchange to implement SegWit that garnered over 12,000 signatures.

Hong Kong-based Bitfinex currently ranks #4 amongst crypto exchanges globally by trade volume, trading a total of about $1.6 bln in the past 24 hours to press time. Bitfinex CTO Paolo Ardoino was quoted in the exchange’s announcement of their SegWit upgrade saying:

“SegWit provides not only an immediate benefit for users, but also a foundation for future Bitcoin development. By supporting SegWit addresses, Bitfinex is tackling three of the biggest crypto-enthusiast concerns: transaction fees, transaction speed, and total network capacity. We are delighted that through this implementation we can provide our customers with bitcoin withdrawal fees that are up to 20 percent lower, as well as faster-than-ever transaction speeds.”